Replies to post #6817 on Imperial Petroleum Inc (IMPP)

[tigerpac]

The longer it stays in the 2.90 level , the better chance is has to bust thru (on volume).

I’m always wary that they will drop an offering at any time during this surge as that has been their modus operandi for quotes some time. Raise cash when stock price is high , sell their personal shares or convert preferred stock and then do stock buybacks when they are done offloading.

Essentially shorting their own stock. Legal but suspect. Greek shippers have perfected this tactic. Just have to know how to trade ‘em.